Air Transport World

Regional Express (Rex).(RegionalNews)(Regional Express Airlines (Sydney, New South Wales))(Financial report)(Brief article)

Regional Express (Rex) of Australia reported an A$8.2 million ($7.9 million) pre-tax profit in the fiscal third quarter ended March 31, up 7.9% from the A$7.6 million earned in the year-ago period. Executive Chairman Lim Kim Hai said Australian regional aviation "encountered a veritable tsunami in the past few months" with rising oil prices, economic difficulties and a pilot shortage. …

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